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Our road map begins with ge, immelt is set to retire this summer the tech stocks are on track to tumble apple under pressure missolo downgrades apple first up, jeff immelt is resigning as the Ceo John Flannery will take over we have talked about immelt and ges trouble just trying to keep pace with the dow. Really since his tenure began. Its the worst performer in the dow since he came in apple hes down 31 some people can always argue at that moment that he came in it was a high water mark. Others have said, listen, he did cut the dividend, but many who cut the dividend i think thats whats happened when you compare him to a honeywell, when you compare him to david cote, even to greg hayes at united technology, difficult to compare very difficult to compare. Meaning immelt does not meet their standard its empirical. Im not saying listen, i know the guys, i know them pretty well, and they were able to reshuffle the portfolios in w ....
Markets in the asiapacific, new zealand is falling fractionally, led down by materials and telecommunications. . 67. Wi is at futures in australia looking like this. It is pointing to a slightly higher open, . 72, the aussie dollar level. Lets get over to japan, wrapping up the finance ministers and policymakers for g7. Futures in chicago pointing to a higher open. This could be helping a weaker yen. Kicking off aa is weeklong trip to asia in hanoi. He is seeking closer economic and security ties with vietnam. We are traveling with the president right now. President obama want to accomplish on this trip . Good morning. It is a significant trip for president obama, wrapping up his time as u. S. President. His event toement asia, which has been a top priority for his administration for trade in defense relationships. Onwants to press vietnam human rights, a country he thinks that has made progress, but will be meeting with Civil Society< ....
Michigan is the biggest prize. Donald trump has a doubledigit lead, but there are signs that john kasich has been gaining ground. Bernie sanders is still doing better with younger voters. The European Union is getting a deal with turkey to stop the flow of migrants. Turkey made its most serious offer yet to stop the tide of refugees into europe. The Un Security Council sanctions were not enough for south korea. It is imposing its own penalties on north korea. South korea will present entry of any ship that has visited north korea in the past six months and his blacklisting people linked to north koreas weapons of mass destructions. Take a look at futures. Down across the board. The same concern about chinese exports. Take a look at europe. Also going to see red arrows overseas. As far as what we saw in asia overnight, we did see red arrows, except for in china. Take a lo ....
Peter cook is on capitol hill, previewing the republican response to tonights state of the union as we ask who is joni ernst. We begin with Phil Mattingly on president obamas six address to congress. We always knew the state of the union was going to be heavy on economics. We learn that focus would include major tax increases on some of the countrys highest earners in order to pay for tax breaks for the middle and lower income. Those tax increases would include the Capital Gains rate for couples earning more than 500,000 a year. It will move from 20 to 28 . It will target money that comes after the death of an individual. That would have a new Capital Gains rate applied to it. They will try to move some of that money towards the middle class. Despite the great topline economic numbers the middle class is still struggling. ....